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| IRS To Collect on Italian Cruise Ship Settlements One night during dinner, your cruise ship crashes into a reef. Amid the pandemonium you must climb into a lifeboat leaving all your possessions, passport, money—even your high-heeled shoes. Then the cruise line offers you $14,000 to settle. If you take it, is it taxable? Dr. Ethics Channels Aristotle: "Education is the best provision for the journey to old age" By Michael McMillan, Ph.D., CPA, CFA Director, Ethics and Professional Standards Revisiting the American Dream: Is the U.S. Providing Fewer Opportunities to Get Ahead? The following post was published on http://knowledge.wharton.upenn.edu on January 18, 2012. |